Utilization rate (lending protocols)

Ethena's assessment for RD-F-066 — scored not_applicable on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.

Evidence summary #

Ethena is a synthetic dollar issuer, not a lending protocol. No on-chain borrow/supply market exists. DefiLlama data cache confirms borrow.present: false. Factor is lending-only per taxonomy PD-024.

Sources #

Curator note
DefiLlama data cache — borrow.present: false00-data-cache.json: sources.defillama.borrow.present: falseretrieved 2026-04-28

Methodology #

Read the borrowed/supplied ratio per market; flag markets above 95% utilization as at-risk for withdrawal freeze.

See the full factor methodology and distribution across all protocols →

rubric_version v1.7.0 protocol ethena factor RD-F-066 score not_applicable collected_at 2026-04-28 13:58:51